https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NALCO Reports 76.3% Surge in Q1 Profit to Rs 588.42 Crore Despite Revenue Decline

State-owned NALCO posted a 76.3% rise in consolidated profit for Q1 FY2024, reaching Rs 588.42 crore, while its revenue dropped to Rs 2,916.62 crore. The board has recommended a final dividend of Rs 2 per share, pending shareholder approval.
Indian Masterminds Stories

State-owned National Aluminium Corporation (NALCO) reported a significant 76.3% increase in consolidated profit, reaching Rs 588.42 crore for the quarter ending June 2024. This is a notable rise compared to the Rs 333.76 crore profit recorded during the same period last year, as per the company’s exchange filing.

Despite the profit surge, NALCO’s consolidated income for the April-June 2024 period declined to Rs 2,916.62 crore from Rs 3,226.88 crore in the corresponding period of the previous year.

The company’s board has recommended a final dividend of Rs 2 per share for the fiscal year 2023-24, pending approval from shareholders at the upcoming annual general meeting. If approved, the dividend will be paid within 30 days of the declaration.

NALCO, recognized as a ‘Navratna’ company, is one of India’s largest producers in the bauxite, alumina, aluminium, and power sectors. The government holds a 51.28% stake in the company, which operates its Panchpatmali bauxite mines, alumina refinery, aluminium smelter, and captive power plant in Odisha.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
BPCL_resized
BPCL’s Sanjay Khanna Conferred with “TITAN - Refining Innovation Award” for Pioneering Excellence in HSE and Refining
Vartika Shukla CMD of EIL (1)
Vartika Shukla, CMD of EIL, Honored with Women’s Leadership Award at IOGTC 2025 - Know About Her
Judiciary_india
Karnataka Bar Council Urges Supreme Court Collegium to Reconsider Transfer of Four High Court Judges
NTPC Green Energy Ltd NGEL
NTPC Green Board to Consider Rs 5,000 Crore Bond Issue in FY26
Govt
5 Officers Reshuffled in Uttarakhand Secretariat
Indian Oil IOCL
Indian Oil to Invest Rs. 24,000 Crore in Gujarat for Refinery Expansion and Petrochemical Projects
IFS Indian Forest Service resized (IFoS)
14 IFS and 6 State Forest Service Officers Transferred in Madhya Pradesh, HU Khan Made CF&CEO (CAMPA) at HQ, Bhopal
Concor and gail MoU
CONCOR and GAIL Sign MoU to Promote Clean Fuel and Green Logistics
ADVERTISEMENT
ADVERTISEMENT
Videos
Aditya Vikram Agarwal
The Shouts of Joy Were Real: Aditya’s UPSC Rank 9 Was a Family Celebration
Dr Lokesh M IAS
E-Rickshaw Chaos, Waterlogging, Traffic Mess — Can Noida Fix Its Daily Chaos? | Exclusive with Dr Lokesh M, IAS
IRS Padmapani Bora UPSC
IRS Padmapani Bora’s 16-Year-Long Journey in Governance
ADVERTISEMENT
UPSC Stories
Aditya Vikram Agarwal
The Shouts of Joy Were Real: Aditya’s UPSC Rank 9 Was a Family Celebration
“UPSC is not the only path. If you are in any field… UPSC is not the only way to serve the nation. Be...
Raj Krishna Jha UPSC
Managing Study with a Full-Time Job, 4 Failures, & a Dream: UPSC Topper Raj Krishna Jha's Journey | Exclusive
From repeated failures to AIR 8, Raj Krishna Jha’s UPSC success proves that perseverance and strategic...
Utkarsh Yadav UPSC Rajasthan
Brother of Dausa DM Cracks UPSC with AIR 32: Utkarsh Yadav’s Inspiring Journey from Hamindpur to IAS
Utkarsh Yadav, an IIT Roorkee graduate from rural Rajasthan, secured AIR 32 in UPSC 2024 after three...
Social Media
GozJlgrXYAAHoKv
Murals for Cleanliness: Thoothukudi District Launches Art-Inspired Sanitation Drive in Panchayats
Local artists add colour and messages to village walls, promoting hygiene and community pride
Himanshu Nagpal IAS
Varanasi's Beggar Rehabilitation Initiative Recognised by UIDAI, CDO Himanshu Nagpal Shares the News
Mr. Himanshu Nagpal is a 2019-batch IAS officer
IAS Vaishali Chopra
Young IAS Vaishali Chopra Takes a Stand Against Caste Bias During Field Training in Uttar Pradesh
While the issue itself may seem small, the post is resonating widely online for its honest reflection...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
BPCL_resized
BPCL’s Sanjay Khanna Conferred with “TITAN - Refining Innovation Award” for Pioneering Excellence in HSE and Refining
Vartika Shukla CMD of EIL (1)
Vartika Shukla, CMD of EIL, Honored with Women’s Leadership Award at IOGTC 2025 - Know About Her
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Aditya Vikram Agarwal
Dr Lokesh M IAS
IRS Padmapani Bora UPSC
ADVERTISEMENT
ADVERTISEMENT